Hoist By Their Own Petard

Consumer Financial Protection Bureau Director Richard Cordray testifies on Capitol Hill in Washington, Tuesday, Jan. 31, 2012, before the Senate Banking Committee hearing on "Holding the CFPB Accountable: Review of F... Consumer Financial Protection Bureau Director Richard Cordray testifies on Capitol Hill in Washington, Tuesday, Jan. 31, 2012, before the Senate Banking Committee hearing on "Holding the CFPB Accountable: Review of First Semi-annual Report. MORE LESS
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Just a quick observation. The director of the Consumer Financial Protection Bureau serves a five year term. Ignoring Rich Cordray’s ambitions beyond consumer protection for a second, if the GOP had confirmed him in, say, early 2012, his post would have expired in 2017, just as President Rubio was taking office.

If he decides to stick it out the full five years, he’ll be running things until mid 2018.

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